Tag: Twitter

Binance – the world’s largest cryptocurrency exchange – is among a list of major equity investors backing Elon Musk’s Twitter bid. The company supported the tech mogul with $500 million, alongside an additional $1 billion from other crypto-supportive firms. Binance Backs Elon Binance’s backing was revealed in an updated Schedule 13D filing with the Securities and Exchange Commission (SEC) on Wednesday. It lists 19 different parties that contributed a total of around $7.1 billion to the Tesla CEO. Elon Musk…

Elon Musk recently bought a 9.2% stake in Twitter and joined its board of directors to boot. Though it should bear no logical correlation, the tech giant’s favorite cryptocurrency is rising in light of the news. Dogecoin, which Musk has displayed much fondness for, has a tendency to fluctuate in response to his word. Yesterday, Bloomberg revealed that the Tesla CEO had purchased a 9.2% stake in Twitter for $2.89 billion. Twitter’s stock soared 27% after the reveal, now trading…

Facebook (now Meta) did everything it could to maintain its monopoly in all its history. Could it do the same with NFTs? NFT investors are ecstatic as major social media companies finally come out with major NFT integrations. Twitter, a significant hub for NFT users, was the first to roll out the feature. NFT owners can now showcase their NFT profile pictures with a particular hexagonal shape. That way, users can instantly see whether that Bored Ape picture is legit…

NFTs and jpegs are about to become a bit more distinct – at least on Twitter. The social media platform is rolling out a new feature to register Ethereum NFTs as their profile pictures. As a result, these NFTs appear hexagonal rather than traditional PFPs that use a circle. Twitter Embraces NFTs Twitter Blue – the microblogger’s subscription service – announced its NFT integration on Thursday. It stated that due to popular demand, NFT Profile Pictures had begun rollout in…

After stepping down as Twitter’s CEO, rumors flourished about Jack Dorsey doubling down on building the Bitcoin network. Greater evidence of those suspicions has just emerged.  Dorsey’s digital payments company “Square” just announced a Facebook-esque rebranding to “Block”. The Bitcoin community has interpreted this as a public commitment to Bitcoin's “blockchain”. Square Goes Three-Dimensional The financial services company revealed its new name in a Twitter thread earlier today. Apparently, the company is preparing to give “the full square brand” to…

As the Bitcoin-focused Jack Dorsey departs from Twitter, it appears his company is moving towards adopting other cryptocurrencies. A competent hacker recently dug into Twitter's code and unlocked a yet unannounced Ethereum-tipping feature. This follows a Twitter update from months ago that publicly enabled payment tipping through various methods, including Bitcoin. Ether Tips On Twitter? Jane Wong – a hacker famous on Twitter – quietly added her Ethereum tipping address to her account yesterday. Buzz began circulating as screenshot images…

After over 15 years since founding the company, billionaire Bitcoiner Jack Dorsey has announced his resignation as CEO of Twitter. As of today, the social media giant is led by former Chief Technology Officer Parag Agrawal. Meanwhile, Dorsey will serve as a member of the board until about May, before leaving Twitter entirely. Interestingly, his reasons for leaving are exactly what one would expect to hear from a Bitcoin maximalist. Freeing Twitter From its Founder’s Influence Earlier this morning, word…

Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…

Social media companies are scaling their efforts to immerse their platforms with blockchain technology. Earlier today, Twitter revealed that it is forming a team dedicated to exploring decentralized applications. Many know Jack Dorsey as a Bitcoin maximalist. However, this is only the first time his company has invested in the surrounding blockchain ecosystem. Twitter’s Crypto Team Tess Rinearson announced Twitter’s new team earlier today, revealing herself as the leader. She said that the team would focus on decentralized technologies that…